Landlord & Property Tax Accountants
with Zero Added VAT
Our ACCA chartered certified team prepares annual rental property accounts, UK property tax schedules (SA105), Section 24 mortgage interest relief calculations, Limited Company SPV accounts, and Making Tax Digital (MTD for ITSA) updates for landlords across Chester, the Wirral, Liverpool, and UK-wide—with fixed monthly packages from £65/month (and Corporate SPV packages from £95/month) with zero added VAT.
Practical Property Tax
& Portfolio Accounting
Managing rental properties across Chester, the Wirral, Liverpool, and UK-wide should not mean losing weekends to spreadsheets or risking HMRC late-filing penalties. We review every allowable property expense and Section 24 finance cost credit to protect your net rental yield—operating on fixed monthly fees with clear written advice and zero added VAT.
Making Tax Digital (MTD)
- Mandate Readiness: Quarterly digital reporting for qualifying gross rental and self-employed income over £50k (and £30k+ from April 2027).
- 100% Data Ownership: Certified Xero Partner setup (plus FreeAgent, Dext & IRIS OpenSpace) held directly in your name.
- Quarterly Submissions: Preparation and online HMRC filing of all 4 quarterly updates plus your Year-End Final Declaration.
Property Tax Returns
- Allowable Expense Review: Thorough review of letting agent statements, repairs, safety certificates (Gas Safe, EICR), and replacement of domestic items relief.
- SA100 & SA105 Filings: Preparation of UK property pages, including joint spouse ownership splits, Deed of Trust, and Form 17 elections (£295).
- On-Time HMRC Filing: Early preparation and clear written payment schedules so you never face late-filing penalties.
Section 24 & Property SPVs
- Finance Cost Relief: Accurate calculation of the 20% basic-rate tax reduction on residential mortgage interest (ITTOIA 2005 s.272A).
- SPV Incorporation: Side-by-side tax modelling and company incorporation with buy-to-let lender SIC codes (68100 & 68209).
- Higher-Rate Tax Planning: Written comparisons ahead of future acquisitions to manage 40% and 45% personal tax bands.
Capital Gains & SDLT
- 60-Day Disposals: Prompt calculation and online filing of HMRC's mandatory 60-day UK residential property CGT return.
- Capital Relief Claims: Claiming Private Residence Relief (PRR), legal/agency disposal costs, and capital improvement expenditure.
- SDLT & Portfolio Rules: Higher-rate additional dwelling surcharge reviews, mixed-use checks, and s.116(7) 6+ property commercial-rate appraisals.
How We Protect
Your Net Rental Yields
We help landlords across Chester, the Wirral, Liverpool, and UK-wide keep more of their rental income. With zero added VAT on our fees, written Section 24 comparisons, and a thorough review of every allowable property deduction, we keep your portfolio tax-efficient and compliant year-round.
Every Allowable Expense Claimed
We carefully review your rental records and letting agent statements so every legitimate property expense is claimed, reducing your taxable rental profit.
-
Repairs & Safety Certificates: Full deduction of revenue repairs, Gas Safe certificates (CP12), electrical inspections (EICR), EPCs, and letting agent management fees.
-
Mileage & Running Costs: Allowable business mileage (45p/mile up to 10,000 miles) for property inspections, landlord insurance, ground rent, and service charges.
-
Replacement of Domestic Items: Claiming statutory relief (ITTOIA 2005 s.311A / CTA 2009 s.250A) for replacing furniture, carpets, and white goods, separated cleanly from capital improvements.
Section 24 & Property SPV Advice
We prepare clear, side-by-side calculations in writing to show whether buying your next property inside a Limited Company SPV will improve your net after-tax return.
-
Personal vs. SPV Modelling: Comparing 19% small profits Corporation Tax (with 100% mortgage interest deduction) against personal 40% / 45% Section 24 restrictions.
-
Director's Loan Account (DLA) Planning: Structuring deposit injections, tax-free DLA repayments, and dividend extraction from your property company.
-
Next-Purchase SPV Review (£250): Written tax comparison for 1–2 planned acquisitions—with 50% (£125) credited against your monthly package when you join.
Making Tax Digital (MTD) Support
We manage your transition to HMRC's Making Tax Digital (MTD for ITSA) rules—handling your quarterly property updates so you stay compliant ahead of the deadlines.
-
4x Quarterly HMRC Updates: Preparation and online submission of all four quarterly property income and expense updates plus your Year-End Final Declaration.
-
Cloud Software & Portal Setup: Certified Xero Partner setup (alongside FreeAgent, Dext & IRIS OpenSpace) held 100% in your own name.
-
Late-Filing Penalty Protection: Timely quarterly checks and running tax estimates so you avoid HMRC late-filing points and surprise tax bills.
Transparent, Fixed-Fee
Landlord Packages
Our fixed monthly packages cover your annual rental property accounts, UK property tax pages (SA105), Section 24 mortgage interest tax credit calculations, and routine HMRC correspondence with no surprise year-end bills across Chester, the Wirral, Liverpool, and UK-wide—all with zero added VAT.
Whether you hold a single buy-to-let in your own name, manage a residential portfolio, invest through a Limited Company SPV, or need quarterly reporting under Making Tax Digital (MTD for ITSA) (mandatory for qualifying gross income over £50,000 from April 2026, and £30,000+ from April 2027), choose your monthly tier below.
Residential lettings are exempt from VAT, meaning private landlords cannot reclaim VAT charged on accountancy fees. At Phillips & Co, our quoted fees are the exact amount you pay—saving you 20% out-of-pocket every month compared to VAT-registered firms.
Essential
Single Buy-to-Let & Small Portfolios
- Annual property income & expenditure accounts (1 to 2 properties)
- Full personal Self-Assessment tax return (SA100 + SA105)
- Section 24 mortgage interest 20% tax credit calculations
- Review of allowable repairs, letting fees & replacement of domestic items relief
Portfolio
Growing Portfolios & Next-Purchase Advice
- Annual property accounts preparation for 3 to 5 rental units (non-MTD)
- Includes all compliance features from the Essential (£65/mo) tier
- Xero / FreeAgent setup & property-by-property yield tracking
- Section 24 modelling & personal vs. SPV guidance ahead of future purchases
MTD Compliant
Quarterly HMRC Updates & Year-End
- Full annual property accounts & reliefs (covers up to 3 rental units as standard)
- 4x Quarterly MTD digital updates prepared & submitted to HMRC
- Xero or FreeAgent digital linking under your 100% direct ownership
- Year-End Final Declaration filing & running Income Tax estimates
Already Hold Properties in a Limited Company SPV?
Holding buy-to-let property inside a Special Purpose Vehicle (SPV) allows the company to deduct 100% of mortgage interest against Corporation Tax (from 19%). We provide fixed monthly SPV packages with zero added VAT:
Holding / Single-Asset SPV
Built for property holding companies or SPVs managing a single buy-to-let property with straightforward rental receipts and mortgage payments.
- ✓ Statutory annual accounts, Balance Sheet & iXBRL Companies House filing
- ✓ Corporation Tax computation & online CT600 return submission to HMRC
- ✓ Annual Confirmation Statement (CS01) preparation & filing included (statutory £50 Companies House fee recharged at cost)
- ✓ Director's Loan Account (DLA) deposit tracking & repayment schedules
Active / Multi-Asset SPV
Built for active property SPVs managing 2 to 4 rental properties, ongoing refurbishments, or multiple mortgage facilities. (5+ SPV properties: add +£25/month per additional property).
- ✓ Includes statutory annual accounts, CT600 return & CS01 filing (statutory £50 Companies House fee recharged at cost)
- ✓ Multi-property letting agent statement reconciliations & tenant deposit tracking
- ✓ Capital vs. Revenue refurbishment review & replacement of domestic items relief (CTA 2009 s.250A)
- ✓ Director's Loan Account (DLA), inter-company loan & dividend planning
Important Package, Scaling & Software Scope Notes
Up to 5 standard AST properties are covered on our Portfolio Package (£95/mo), or up to 3 properties on our MTD Compliant Package (£145/mo). Add +£20/month (No VAT) per additional property above your base allowance. HMOs add +£25 to £30/month per HMO for multi-room tenancy schedules.
Standard packages include one primary Self-Assessment tax return (SA100/SA105). Where properties are jointly owned requiring a second tax return filed with HMRC, add +£25/month (or £275/year, No VAT). Standalone Form 17 & Deed of Trust elections are £295 (No VAT).
Fixed monthly fees assume bank feeds and letting agent statements are kept reasonably up to date. Where prior-year records need reconciling before filing, we agree a fixed one-off catch-up bookkeeping fee in writing before starting work.
As a Certified Xero Partner (also supporting FreeAgent, Dext, and IRIS OpenSpace), cloud software subscriptions are held directly in your name so you retain 100% ownership of your property records.
Standalone One-Off Property Services
Need help with a UK property sale, a new SPV company incorporation, or a pre-purchase Section 24 tax comparison without an ongoing monthly package?
60-Day Residential CGT Return
Sold a UK residential buy-to-let or second home at a taxable gain? We calculate your capital gain, claim eligible Private Residence Relief (PRR) and improvement costs, and file your mandatory 60-day HMRC return (+£150 for a simultaneous spouse/joint-owner return).
Property SPV Company Formation
Accountant-led incorporation registered with the exact property SIC codes (68100 & 68209) required by buy-to-let mortgage lenders. Includes the statutory £100 Companies House incorporation fee. View SPV Formation →
Written Next-Purchase SPV Review
A written side-by-side tax comparison for 1 to 2 planned property purchases, modelling personal Section 24 tax exposure against buying inside a Limited Company SPV. 50% (£125) is credited back when you join a monthly package.